 everywhere is the fact that Elon Musk is buying Twitter. I think it's I don't know if it's a done deal. I don't think these things are completely ever done deals until the transaction actually happens but it appears that it appears that Twitter board has accepted his offer and it's he's got the financing and now it's just going to it's gonna happen. I think that's fantastic. I'm super excited about this for a number of reasons. First, this is the way things are supposed to work. There's no question there's been growing dissatisfaction with Twitter from a variety of different people. Not only from the perspective of Twitter not really making a lot of money. Shareholder's not happy. Twitter stock has been down quite a bit. It's struggling to make money. It's struggling to figure out its business model. Beyond that, you know, people aren't happy with Twitter as a business as a platform. A lot of criticism of Twitter dropping people from the platform, the algorithms suppressing certain people, certain points of view. By the way, criticisms about this from both left and right. It's not just the rate that has been critical of Twitter but people on the left are being critical as well. You've seen a lot of you know, a lot of people unhappy with what's going on at Twitter. You know, the CEO, the CEO left Jack, who was the CEO of Twitter, who probably wanted a platform was probably trying to fight for platform that had that limited what was said on it more rather than less. No, less rather than more. So wanted less limitations of what was said on the platform ultimately left. I think out of frustration of not being able to get his way, but also not being able to turn Twitter into a business model that made money and that satisfied the people who actually used it. So people have been complaining. People have been bitching and generally there's been this massive complaining all over the place about social media and the dominance of social media and big tech and how horrible they are and terrible they are and great. So people don't like them. It's certainly people's right not to like them. There's a mechanism by which you deal with it. Most people is motivation was let's have the government step in and let's have the government regulate this. Let's have the government break up the big tech. Let's have the government do something about it. And that was always an evil solution. That was always going to make things much, much worse from every perspective, both in the perspective of society at large, the world of government, but also from the perspective of the civets itself. Government is a terrible, horrible arbitrage of these kind of things. Oh, God, I see I see that Harry been swaying it has his show on now as well. Sorry, I didn't realize that. I completely understand if somebody would rather listen to Harry than to me, particularly given that he's talking about Jordan Peterson, much more interesting. I don't think the problem of Twitter is that it's public. I don't think the problem is oppression from public markets. I think the issue is I think the issue is the inherent difficulty in Twitter in figuring out what kind of moderating policy to have on the platform. And then the question of how to monetize that platform that has always been a challenge. It's difficult. There's no easy answer to any of these things. The government stepping in would have been an unmitigated disaster. All these calls often by free market advocates. Oh, we got to do something about this and the solution is not start your own platform. The solution is not competition. The solution is not a hostile takeover. The solution is government. How can government ever be the solution to these things? Rewriting section 220. Who's going to rewrite section 220 politicians today? Our politicians today can only make things worse. There's no way they can make things better. So it makes me super happy. However, this turns out is the fact that here's a market solution to the problem. A solution not imposed by government, a solution not imposed by some people of other people, but a market solution. Somebody Elon Musk and the people who are willing to provide him with financing and a significant amount of the billion or 40 something billion dollars that is going to take him to buy Twitter is going to be external financing. Some people and on my skin is fine and the people who are financing believe that they can make Twitter better and that they can make money off of Twitter. Now Elon Musk, you might say is not motivated that much by money, but his finance sees off. So there's definitely the incentive. There's definitely the motivation to try to make money. This is how it's supposed to look. And for all the people who said, Oh, they're too big. They have a monopoly. They can't be you can compete against them. Well, here you go. Here's proof once again, that the solution to problems, real or not, as the case may be, the solution is markets. Somebody coming in and saying, I don't think management is doing a good job. I think I could do a better job. Maybe you can maybe can we'll see. And stepping in and taking, taking over buying the company $43 billion. And imagine a true free market. Imagine a true free market where there are more billionaires than there are now, when there's plenty of capital. Imagine people buying companies use doing hostile takeovers because they think they can do things better, whether it's better financially or whether it's better from a speech perspective. So whether Elon Musk is good for Twitter or not, to me right now is irrelevant to me what's relevant now right now is, wow, there was a problem. And free markets, not completely free but even with a little freedom that we have today, provide a solution, provide at least an option. And now Elon Musk is going to have to prove himself. I think Twitter is going to be in some senses harder to crack, harder to figure out, harder to monetize, harder to please the customer than Tesla or SpaceX. I think Elon will discover that this idea of let everybody say whatever the hell they want on Twitter, is very difficult to actually implement. It's very difficult to figure out what the standard shouldn't shouldn't be. We'll see, right? We'll see. Hope I'm wrong. I hope Elon Musk figures it out. I hope they have a solution. I hope they have objective, clear criteria for who to have on the platform and who not to have on the platform. And that those criteria are objectively communicated. And and people can make decisions based on those criteria and that they're no real surprises and who gets dumped and who doesn't. But we will see. Elon Musk, Elon Musk seems to be a believer in allowing more speech than less. I think that's a good thing on social media. I think that's a positive. I don't think Elon yet appreciates the complexity of the task in front of him. And I include here the complexity of monetizing this, the complexity of making Twitter profitable and and able to make money at it. So you know, good for Elon Musk. Good for all of us, because if it brings about a better internet or better experience on Twitter, or even if it doesn't, if it just gets rid of the myth, the myth that, oh, we can't solve these kind of problems using markets, we can't trust the market to solve these kind of problems, we have to have central planning, we have to have government intervention. If it just gets rid of that myth, it will have been worth it. So congratulations to Elon Musk. I think congratulations to his financial backers. I hope that they land up making a lot of money off of this deal. It's going to be really fun to watch how this evolves. It's going to be really fun to see Twitter engage with the issues that are Elon Musk is going to raise to figure out what its path is going to be. It's going to be interesting to watch the internal discussion within Twitter. I think employees are going to leave. Some employees are going to leave. Fine. Right. I think one of the things that Musk will probably do is put Trump back on the platform. Okay, that'll be interesting. It'll be interesting who else he puts back on the platform. It'll be interesting to see if this move by Elon Musk ultimately reduces or increases competition to Twitter. What this does to Facebook and other social media platforms, potential social media platform. Anyway, there's a lot of interesting stuff here. And I think often we get so involved in the outcome we would like to see. And I think here is a good case where the process of Musk buying it hostile takeover the Twitter board agreeing and I think the Twitter board was swayed to a large extent by by Jack, who was the founder of Twitter, the creative Twitter, who left who left the company, but only owned like 3% of it, but made a lot of money from it. In the past. I think to see how Twitter evolves now, to see people's response to all this to a capitalist solution to their problem is going to be fascinating. It's going to be fascinating. And then when when Elon Musk comes out with his terms of service, when the new Twitter comes out with their new terms of service, what are they going to look like? How are they going to be different than what they are today? Is it going to approach being more objective? Or is it going to just replace his biases with some other biases? All of that is fascinating. I'm looking forward to just because I think it's interesting and fascinating. I think Elon Musk is obviously a real character, somebody with watching somebody with following and and therefore, you know, generally super exciting in terms of what we can expect and you know, kind of what's in our future. What's in our future as Twitter and as people who interact with what I use Twitter a lot. So it's it's great. It's great to see somebody like Elon Musk, an immigrant to the United States being embraced by Americans in such a hardy way. Yeah, I mean, everything about this is, I think, ultimately good. And Elon Musk is pushing himself to be a savvy, successful, very, very interesting businessman. And I'm sure what he will bring to Twitter is going to be interesting. It's going to be slow. It's going to take a while again. And I think it's going to be harder than what he expects. But yeah, I think this is fun. I mean, I this is this is the freedom that we still have. This is a partially an expression of that, an expression of that. 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